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Indirect Hotel Operating Expenses | 6 Months Ended
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Jun. 30, 2024
Other Income and Expenses [Abstract] |
Indirect Hotel Operating Expenses | 10. Indirect Hotel Operating Expenses Indirect hotel operating expenses consists of the following expenses incurred by the hotels:
|  |  | Three Months Ended |  |  | Three Months Ended |  |  | Six Months Ended |  |  | Six Months Ended |
|  |  | June 30, 2024 |  |  | June 30, 2023 |  |  | June 30, 2024 |  |  | June 30, 2023 |
|  |  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |  |  | (unaudited) |
Sales and marketing |  |  | $ | 4,339,345 |  |  | $ | 4,298,001 |  |  | $ | 8,376,932 |  |  | $ | 8,507,771 |
General and administrative |  |  |  | 3,821,459 |  |  |  | 3,908,023 |  |  |  | 7,559,619 |  |  |  | 7,371,823 |
Repairs and maintenance |  |  |  | 2,189,231 |  |  |  | 2,102,523 |  |  |  | 4,518,830 |  |  |  | 4,322,091 |
Utilities |  |  |  | 1,520,775 |  |  |  | 1,400,833 |  |  |  | 2,998,548 |  |  |  | 2,733,548 |
Property taxes |  |  |  | 1,419,067 |  |  |  | 1,303,119 |  |  |  | 2,960,768 |  |  |  | 2,302,640 |
Management fees, including incentive |  |  |  | 1,288,046 |  |  |  | 1,251,835 |  |  |  | 2,609,411 |  |  |  | 2,610,875 |
Franchise fees |  |  |  | 1,250,575 |  |  |  | 1,246,360 |  |  |  | 2,311,937 |  |  |  | 2,317,880 |
Insurance |  |  |  | 1,405,670 |  |  |  | 1,715,721 |  |  |  | 3,197,386 |  |  |  | 2,663,381 |
Information and telecommunications |  |  |  | 954,506 |  |  |  | 945,572 |  |  |  | 1,953,110 |  |  |  | 1,868,350 |
Other |  |  |  | 308,166 |  |  |  | 290,349 |  |  |  | 495,195 |  |  |  | 511,554 |
Total indirect hotel operating expenses |  |  | $ | 18,496,840 |  |  | $ | 18,462,336 |  |  | $ | 36,981,736 |  |  | $ | 35,209,913 |

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- Definition The entire disclosure for other operating income and other operating expense items. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(d)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 + Details
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